smaster553
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What should I ask for my 2018 BMW i3 w/ REX

Mon Jul 26, 2021 9:00 am

I got a White, excellent condition, new tires, BMW i3 w/ REX with 28,000 miles.

It has 10 months of Original Warranty left and transferable CPO warranty of 12 months, so a total of 22 months left.

Gives great service, I get 135-140 miles in ECOPRO mode, and 90 miles in REX.

What should I ask to sell as a Private Party? and what is the best medium to sell - online as this has a niche customer base


Edited

2018 BMW i3 /rex
Tech+ Driving Assist Package
Giga 19" Wheels
Park Distance Control
Apple Car Play
White / with Blue Trim
Weather Tech Mats + Trunk Liner
Location: NY Metro
Last edited by smaster553 on Mon Jul 26, 2021 1:25 pm, edited 1 time in total.

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MKH
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Location: Dallas

Re: What should I ask for my 2018 BMW i3 w/ REX

Mon Jul 26, 2021 12:34 pm

Need more info. Location? Trim level? Wheel size/style. Options? HK? Large Nav? Apple Carplay?

For a quick sale, Carvana has been offering pretty good $$$.
Mark H.
2015 i3 Rex, Capparis White, Tera World, Technology & Driving Assistant, Parking Assistant, Harman Kardon Audio System, 19 inch Rial X10-i wheels, EVoInnovate EVSE

smaster553
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Joined: Mon Jul 26, 2021 8:57 am

Re: What should I ask for my 2018 BMW i3 w/ REX

Mon Jul 26, 2021 1:27 pm

MKH wrote:
Mon Jul 26, 2021 12:34 pm
Need more info. Location? Trim level? Wheel size/style. Options? HK? Large Nav? Apple Carplay?

For a quick sale, Carvana has been offering pretty good $$$.
Sorry edited by Original Post. All info also given below.

2018 BMW i3 /rex
Tech+ Driving Assist Package
Giga 19" Wheels
Park Distance Control
Apple Car Play
White / with Blue Trim
Weather Tech Mats + Trunk Liner

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MKH
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Location: Dallas

Re: What should I ask for my 2018 BMW i3 w/ REX

Mon Jul 26, 2021 2:35 pm

Blue book shows similarly equipped/mileage i3 recent private party sales in NY Metro area - $18,400 to $21, 200.
Mark H.
2015 i3 Rex, Capparis White, Tera World, Technology & Driving Assistant, Parking Assistant, Harman Kardon Audio System, 19 inch Rial X10-i wheels, EVoInnovate EVSE

smaster553
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Re: What should I ask for my 2018 BMW i3 w/ REX

Tue Jul 27, 2021 9:23 am

MKH wrote:
Mon Jul 26, 2021 2:35 pm
Blue book shows similarly equipped/mileage i3 recent private party sales in NY Metro area - $18,400 to $21, 200.
Yeah I saw that but that does not include options etc.

I got a CarMax quote for 22,600, so Private Party should sell above that easily.

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MKH
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Re: What should I ask for my 2018 BMW i3 w/ REX

Tue Jul 27, 2021 10:21 am

I got a CarMax quote for 22,600, so Private Party should sell above that easily.
Unless their markup has changed in the last few years or because of the current chip-shortage driven market, shortages, a former CarMax employee said that the average markup they put on a vehicle they buy to resell and not wholesale or auction out is about $4K. Maybe use that as a guide to what dealer retail might be, and shoot for in-between the CarMax offer, and retail??
Mark H.
2015 i3 Rex, Capparis White, Tera World, Technology & Driving Assistant, Parking Assistant, Harman Kardon Audio System, 19 inch Rial X10-i wheels, EVoInnovate EVSE

smaster553
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Joined: Mon Jul 26, 2021 8:57 am

Re: What should I ask for my 2018 BMW i3 w/ REX

Wed Jul 28, 2021 6:08 am

MKH wrote:
Tue Jul 27, 2021 10:21 am
I got a CarMax quote for 22,600, so Private Party should sell above that easily.
Unless their markup has changed in the last few years or because of the current chip-shortage driven market, shortages, a former CarMax employee said that the average markup they put on a vehicle they buy to resell and not wholesale or auction out is about $4K. Maybe use that as a guide to what dealer retail might be, and shoot for in-between the CarMax offer, and retail??
Is that markup same for a 20K car and a 40K or is it percentage based. I thought usually 5% markup is what wholesalers do unless they are certifying the car with a warranty. Any info would help.

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MKH
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Re: What should I ask for my 2018 BMW i3 w/ REX

Wed Jul 28, 2021 7:38 am

I imagine it's a bit of a sliding scale. The former CarMax guy I talked to was quoting an average $4K 'markup' in the $20K - $30K range that they sold the bulk of their cars at. According to him, actual profit after reconditioning and selling expenses ran around half, $2K . CarMax's quarterly report at the time showed their net profit averaging $2K per unit sold.
Mark H.
2015 i3 Rex, Capparis White, Tera World, Technology & Driving Assistant, Parking Assistant, Harman Kardon Audio System, 19 inch Rial X10-i wheels, EVoInnovate EVSE

rtanov
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Re: What should I ask for my 2018 BMW i3 w/ REX

Wed Jul 28, 2021 8:17 am

~$4k markup also seems in line with my recent Carvana experience - I sold my 2014 REX to them and they listed it for ~$3.8k more than they gave me. So look for similar cars on their site and subtract the markup.
2014 BMW i3 REx
2014 BMW i3 BEV - retired

smaster553
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Re: What should I ask for my 2018 BMW i3 w/ REX

Sat Jul 31, 2021 5:34 am

rtanov wrote:
Wed Jul 28, 2021 8:17 am
~$4k markup also seems in line with my recent Carvana experience - I sold my 2014 REX to them and they listed it for ~$3.8k more than they gave me. So look for similar cars on their site and subtract the markup.

Thanks a ton

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